Business Characteristics
Basic Needs
What is the lowest level on Maslow's Hierarchy of Need
A business that sells products in bulk directly from the manufacturer: often to retailers who resell the product to the customer
What is a wholesaler?
unauthorized use of information
What is Plagiarism?
Sets monetary policy
Federal Reserve Board
Process of effectively working together in group settings.
What is Cooperation?
Price, Place, Promotion and _________
What is the missing P?
Business which move finished goods from one business to another by buying, storing and reselling goods; known as the middleman
What is an intermediary?
an e-mail falsely claiming to be an established legitimate business
What is Phishing?
the process of tracking spending to a balance budget
What is Creating a Budget?
each team member expands on the thoughts, opinions and ideas of others
What is Collaboration?
Hairdressing, Dry Cleaner, and Lawn Service
What is a service firm?
Business which changes raw goods into a more finished form, known as processed goods
What is a processor
unsolicited commercial e-mail often uses an inexpensive Internet connection or a can meat product made from ham
What is Spam?
Treasury ______ that is the longest.
What is a T-Bond?
each team member is willing to give up an idea of their own to consider or use ideas of others
What is Compromise?
Department responsible for creating products which meet consumer wants and needs, guiding product through the product life cycle and understanding consumer through marketin
What is Marketing?
Business which develop products for distribution from raw goods
What is a producer?
Style of speaking or behaving
What are Mannerisms?
currency which a government has declared to be legal tender, but is not backed by a physical commodity
What is Fiat Money?
describes the business action of two or more companies striving to gain customers
What is Competition?
the imparting or exchanging of information or news. means of sending or receiving information, such as phone lines or computers.
What is Communication?
An individual/business selling products directly to the customer
What is a retailer?
symbol, word, or words legally registered or established by use as representing a company or product and only expires after a set period of time
What is a trademark?
Rent and utility bills
What are expenses?
David asked John to proofread his report. John gives suggestions on how to improve the report.
What is Constructive Criticism?